Partnership Resolution Forgiveness of Receivable Due J.W. Korth & Company LP from Korth Direct Mortgage LLC dated May 1, 2019

Contract Categories: Real Estate - Mortgage Agreements
EX-10.01 2 ex10_01.htm EXHIBIT 10.01


Exhibit 10.01

Partnership Resolution


Forgiveness of Receivable Due J. W. Korth & Company LP




Korth Direct Mortgage LLC





Whereas, As of March 31, 2019, J. W. Korth & Company has provided Korth Direct Mortgage LLC (“KDM”) with a net unrepaid support amount of $548,802, and


Whereas, J W Korth & Company is the 100% owner of KDM, and


Whereas, KDM will benefit by have a greater net worth to operate its business, and provide for servicing its Mortgage Secured Notes,


Now Therefore, J. W. Korth & Company hereby forgives all receivables owed from KDM up to March 31, 2019.


Completed this 1st Day of May 2019




For J. W. Korth & Company


/s/ James W Korth

By James W. Korth

Managing Partner


For Korth Direct Mortgage LLC


/s/ James W. Korth

By James Korth

Chief Executive Officer